1331 GEMINI Auction Date | November 6th- 8th, 2017 https://marketplace.realinsight.com/auction/property/130

59,628 SF OFFICE BUILDING | HOUSTON, T X

EXECUTIVE SUMMARY

RealINSIGHT Marketplace and Transwestern are pleased to present the opportunity to acquire the 1331 Gemini building located at 1331 Gemini Ave, Houston, TX. This strongly positioned Property, built in 1985, is comprised of a 59,628 square foot office building and features three-story construction, a 5.0/1,000 SF parking ratio with covered/uncovered parking and easy access to the area’s main corridors. At 75.25% occupancy as of 9/1/2017, the Property offers steady cash flow in an established office market. The offering of 1331 Gemini provides potential investors with additional upside through lease up of existing vacancies and targeted reletting as well as the ability to undertake discretionary capital improvements to further unlock an exceptional value add opportunity.

1331 Gemini is located just off the highly trafficked Interstate 45 South and directly accessible to Bay Area Blvd which is a primary east-west corridor in the NASA/Clear Lake submarket. The NASA/Clear Lake submarket is a dynamic employment center consisting of over 6 million SF of office space and is underpinned by the 1,620 acre NASA Lyndon B. Johnson Space Center complex with a workforce of nearly 10,000 employees. Additionally, the Property is located in close proximity to Houston’s predominant economic and employment generators including the Port of Houston and Houston Ship Channel which contribute over 1.2 million jobs and generate more than $265 billion in statewide GDP.

KEY PROPERTY STATISTICSLocation: 1331 Gemini Avenue, Houston, Texas 77058

Submarket: NASA/Clear Lake

Size: 59,628 SF

No. of Stories: 3

Year Built: 1985

Current Occupancy: 75.25%

NOI (Year 1): $260,677

Land Area: 4.28 acres

Parking Ratio: 5.0/1,000 SF

Auction Date: November 6th- 8th, 2017

Property Tour Dates: Upon Request

Auction Website: https://marketplace.realinsight.com/auction/property/130

INVESTMENT HIGHLIGHTS

STRONG TENANCY PROVIDES SECURE INCOME STREAM

The opportunity to renew a major tenant further underpins a secure income stream in a stabilized submarket. In-place tenants have an average tenure of seven years with three of the major tenants (31% of the GLA) each boasting over 14 years at the Property.

ATTRACTIVE UPSIDE POTENTIAL

At 75.25% occupancy, 1331 Gemini provides investors a stabilized cash flow with additional opportunities for strategic renewals, expansions and targeted reletting as 67.5% of the term rolls within the next 36 months. Additional upside may be achieved through discretionary capital improvements which reduce operating expenses and improve upon its competitive position in the market.

CONNECTIVITY PROVIDED VIA INTERSTATE 45

1331 Gemini is located two miles east of Interstate 45 South, Houston’s primary North-South Interstate, which provides connectivity to Beltway 8 and Loop 610 and directly connects Galveston to Dallas. Further, the proximity to Interstate 45 provides the property with immediate access to the Houston CBD located 20 miles northwest, providing for a strong employee base. The area is also strategically located near William P. Hobby airport, a major airport with nearly 13 million passengers, and Ellington Field, which currently supports the operations of the United States military, NASA, and a variety of general aviation tenants. In addition to a growing network of freeways, the submarket is located minutes away from the Houston Ship Channel.

IMMEDIATE ACCESS TO HOUSTON’S ECONOMIC GENERATORS

The Property is located in close proximity to Houston’s predominant economic and employment generators including the Port of Houston, NASA and Houston’s major oil, gas and petrochemical industries. The Port of Houston contributes over 1.2 million jobs and generates more than $265 billion in statewide GDP and locally supports over 100,000 direct and indirect jobs in the Houston MSA. Over the next five years, the Port of Houston plans to invest $921 million in capital projects and expects to see a 15 percent boost in activity by 2020. The submarket is also rich in energy and petrochemical industries, including Dow Chemical Co., Chevron Phillips Chemical, Exxon Corp., Sunoco Inc. and Shell Oil Co., with plants in east Houston undergoing a massive $50 billion expansion ($31 billion slated for 2017 completion). Additionally, the submarket is anchored by the 1,620 acre NASA Lyndon B. Johnson Space Center complex with a workforce of nearly 10,000 employees. Space Center Houston, the official visitor center of NASA Johnson Space Center, draws more than 1 million visitors annually and generates a $73 million annual economic impact for the greater Houston area.

T R A N S W E ST E R N1900 West Loop SouthSuite 1300Houston, TX 77027

Micha van Marcke, CCIMSenior Vice President713.272.1231micha.vanmarcke@transwestern.com

Chace HenkeVice President713.272.1274chace.henke@transwestern.com

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99

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99

249

6

8

288

225

146

35

8

8

610

610

69

69

10

45

45

10

290

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Proposed Grand Parkway - Under Study

Proposed Grand Parkway - U n der Study

IAH

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EllingtonField

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Auction Date | November 6th- 8th, 2017 https://marketplace.realinsight.com/auction/property/130